Welcome!

Agile Computing Authors: Kevin Benedict, John Basso, Liz McMillan, Dana Gardner, Gil Allouche

News Feed Item

Quantopian Emerges From Beta, Sets Out to Revolutionize Algorithmic Trading

With Funding From Spark Capital and GETCO, Company Brings Open Access and Transparency to World of Quantitative Finance

BOSTON, MA -- (Marketwire) -- 01/23/13 -- Quantopian, which is building the world's first browser-based algorithmic trading platform, today announced that it has emerged from beta to provide the tools, capabilities and support needed to create and optimize trading algorithms in an open and transparent environment. Quantopian makes it simple for anyone with a mind for finance to develop algorithms and reap the benefits of quantitative finance for themselves -- a feat that was previously rendered nearly impossible by the limitations of data access, trading infrastructure and arduous initial coding requirements. The company also revealed that it has received funding from Spark Capital and GETCO.

"For way too long, Wall Street has kept quantitative finance to itself by hoarding information and providing little transparency or accountability," said John 'Fawce' Fawcett, founder and chief executive officer of Quantopian. "At Quantopian, our goal is to dispel that secrecy and grow the quant community by a thousand fold. We welcome talented people from around the world into our community by providing access to the data, infrastructure and mentorship necessary to participate."

The Quantopian platform provides free tools, backtesting data and an engaged community where members can discuss concepts, challenges and execution with peers and experts to encourage people to expand their understanding of quantitative finance.

"Algorithms play an increasingly interesting and important role in many areas," said Andrew Parker, principal at Spark Capital. "For most people they're not well understood. What makes Quantopian so interesting is that they're connecting large new classes of programmers, scientists and investors with the ability to create and take advantage of the most valuable algorithms. It's very exciting stuff that will have a market-changing impact."

Quantopian's core values are delivered through the company's commitment to three critical elements:

  • Democratizing Education - Quantopian encourages people to expand their understanding of quantitative finance by providing free, accessible educational resources, as well as a community of peers and experts.
  • Accelerating Innovation - Quantopian provides the tools, data and infrastructure so that quants can be up and running in minutes rather than months. This dramatically simplified process lets users focus on what's important -- their algorithm -- rather than annoying and time consuming background requirements.
  • Protecting Intellectual Property - Quantopian is committed to protecting the intellectual property of its members, whose ideas are valuable. Members retain full ownership of their intellectual property with Quantopian.

"Before Quantopian, you had to do so many things before you could even start looking at algorithms -- build a backtester, find and pay for a data source, clean it, vet it -- and you had to do all of the work alone," said Jean Bredeche, co-founder and chief technology officer at Quantopian. "We've taken care of all that and created an easy-to-use environment that provides instant feedback, so the development process is actually interesting again -- and we're passionate about building this out even further."

The Quantopian community is a unique and growing group of people who believe that open access to data and tools can revolutionize the way people invest, and the company's Zipline backtester is the industry's only open source backtesting tool. These tools and resources for algorithm development and testing will continue to grow as Quantopian builds toward the introduction of live trading later in 2013.

A video introducing Quantopian is available here.

About Quantopian
Quantopian is building the world's first browser-based algorithmic trading platform. The company gives quants the tools and support they need to learn, create, explore and reap the benefits of quantitative finance. With Quantopian, users can be operational in minutes rather than months. The company provides robust foundational technology for creating algorithms and unfettered access to a decade's worth of trading data for backtesting. Quantopian is also an engaged community where people can discuss concepts, processes and performance and learn from peers and experts. The result is a better way to understand -- and profit from -- quantitative trading. Quantopian is headquartered in Boston. Learn more at www.quantopian.com, or visit us at the Quantopian blog, or follow us on Twitter @quantopian.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.